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Agrogalaxy says it will support customers of closed stores through harvest and receipt of supplies
The company reaffirmed its strategy of granting autonomy to its regional divisions, which it implemented in February. The agricultural input retailer Agrogalaxy, currently undergoing judicial recovery, informed the press that its teams…
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New Zealand Aims to Double Agricultural Trade with Brazil
New Zealand’s Minister of Agriculture and Trade sees opportunities to share technology with Brazilian producers As a diplomatic partner to Brazil on agricultural issues globally, New Zealand aims to at least double…
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BNDES Approves R$149 Million Credit for Biodiesel Industry in Rio Grande do Sul
Financing was approved for Bianchini, a company whose facilities were impacted by heavy rains in April and May in Rio Grande do Sul. The Brazilian Development Bank (BNDES) has approved R$149 million…
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Minerva to Issue R$ 2 Billion in Agribusiness Receivables Certificates (CRA)
Minerva plans to conduct a R$ 2 billion offering in Agribusiness Receivables Certificates (CRA), structured in five series with maturities ranging from five to ten years. S&P Global has assigned a preliminary…
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Ourofino Saúde Animal Reports Increased Net Profit and Revenue in Q3
Ourofino Saúde Animal (Ourofino Animal Health) posted a substantial growth in its third-quarter results, with a 315.5% increase in adjusted net profit, reaching R$ 42.4 million compared to the same period in…
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Integration Between Marfrig and Minerva Units Expected to Take Four to Five Quarters
In a teleconference, Minerva’s CEO states that the company is evaluating how to change the management model of the units acquired in October. During the third-quarter financial results teleconference, Minerva’s CEO, Fernando…
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Peru Opens Market for Brazilian Apples, Expanding Agricultural Exports
Brazil has secured its eighth agricultural market opening in Peru this year with the approval to export apples. This move adds to a series of successful market expansions, which have previously included…
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Grupo Amaggi Purchases Luxury Jet Valued at R$230 Million
Aircraft is the same model used by Neymar Jr. and Taylor Swift. Grupo Amaggi, a major Brazilian grain processing and export company, recently acquired a Dassault Falcon 900 LX executive jet, valued…
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3tentos Approves $500 Million Loan for Ethanol Plant
The unit is part of an investment plan aiming to invest $2 billion by 2030. 3tentos’ board of directors has approved a bank credit note for $500 million from BNDES to advance…
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How Trump’s Victory Affects Brazilian Agribusiness
Risk of protectionist spiral with the newly elected U.S. president challenges the sector, experts say. Donald Trump’s election to the U.S. presidency raises the possibility of a “protectionist spiral” and intensified bilateral…
Business
Brazil Agro and Livestock business news.